Brief: Luk Fook Holdings International Posts HY Profit Attributable Hk$496 Mln, Down 25.4%

Luk Fook Holdings (International)

28/11/2019 09:25

Nov 28 (Reuters) - Luk Fook Holdings International Ltd
 0590.HK :
    * HY PROFIT ATTRIBUTABLE HK$496 MILLION, DOWN 25.4%
    * PROPOSED INTERIM DIVIDEND OF HK$0.50 PER SHARE
    * HY REVENUE REACHED HK$6.3 BILLION, DOWN 19.8%
    * EXPECTS DOUBLE-DIGIT DROP IN TERMS OF ANNUAL REVENUE AND
PROFIT
THIS FINANCIAL YEAR
    * DOWNSIDE RISK OF GROUP'S BUSINESS WILL CONTINUE INTO
SECOND HALF
OF FINANCIAL YEAR
    * TO REDUCE NUMBER OF SHOPS IN AREAS WHICH ARE CONSIDERABLY
IMPACTED BY SOCIAL INCIDENTS IN HONG KONG
    * TO SEARCH FOR OPPORTUNITIES FOR OPENING NEW SHOPS IN MACAU
MARKET, SEES 3 NET SHOP ADDITIONS IN HK & MACAU MARKET
    * HY OVERALL SAME STORE SALES OF LUKFOOK LICENSED SHOPS IN
MAINLAND RECORDED A 6.2% DROP

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS5f1kdc
Further company coverage:  0590.HK 

 ((Reuters.Briefs@thomsonreuters.com;))